Investors Lose N1bn As Equities Market Dips

Nigerian Stock Exchange

Investors Lose N1bn As Equities Market Dips

The Nigerian Exchange Limited dipped slightly on Tuesday as investors lost about N1bn at the end of trading.

The All-Share Index depreciated to 55.603.94 on Tuesday from Monday’s record of 55,605.57. The Market capitalisation also dipped to N30.290tn from N30.291tn recorded on Monday.

The volume of shares traded on the Exchange improved by 29 per cent as 159,460,465 million shares worth N 2.475bn were traded in 4,187 deals.

By breadth, the market sentiment was negative, as 22 equities lost while 10 equities gained.

MRS, NCR and Mulitiverse recorded the highest losses of the day having declined in share value by 10.00 per cent, 9.88 per cent and 9.85 per cent respectively, while Caverton, UACN topped the gainers’ table as their share prices appreciated by 9.62 per cent and 7.60 per cent respectively.

Zenith Bank was the most traded stock on the floor of the exchange on Tuesday followed by GTCO and MTN Nigeria which closed at N25.95, N26.20 and N248 respectively.

Source: EconomicConfidential | Read More from Economicconfidential.com